BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

European court announces protocol N14 of convention ready for signing

European court announced protocol N14 of the convention on protection of human rights and major freedom ready for signing.

Protocol N14 aims to increase effectiveness of work of the European court on human rights. One of goals of this protocol is not to admit cases having no prospects. Case will be considered as un adopted if a person did not suffer great damage. It can be used if complaint is not required as a matter and after obligatory investigation by internal court.

The committee of ministers can apply to the European court for commenting a decision due to new mechanism. If the committee considers that the country does not fulfill decision on the case, the committee can set issue about fulfillment of obligations by the state before the European court.

Moreover, a judge considering a case independently can announce that complaint is not admitted or exclude it out of list of court's cases upon the protocol.

The committee consisting of three members made a decision about adoption of complaints. If an issue connected with commentary or use of the convention or its protocols has already been topic of legal precedent, committees can announce about unanimous adoption of this issue and make a decision on this regards.

Two provisions concerning adoption of protocol N14 will have legal effect for nations that will sign this document, plenipotentiary representative of Azerbaijan in the European court Chingiz Askerov told trend News on June 1.

The foreign ministry must launch procedures for Azerbaijan to sign this agreement, he said.

Protocol N14 has been recently signed. Only Russia did not ratify this protocol among members-countries.